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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)
 9 Months Ended
Oct. 01, 2022
Debt Disclosure [Abstract]  
Long-Term Debt and Financing Arrangements
Long-term debt and financing arrangements at October 1, 2022 and January 1, 2022 are as follows:
October 1, 2022January 1, 2022
(Millions of Dollars)Interest RateNotional ValueUnamortized Discount
Unamortized Gain/(Loss) Terminated Swaps 1
Purchase Accounting FV AdjustmentDeferred Financing FeesCarrying Value
Carrying Value
Notes payable due 20252.30%$500.0 $(0.6)$— $— $(2.0)$497.4 $— 
Notes payable due 20263.40%500.0 (0.3)— — (1.5)498.2 497.8 
Notes payable due 20263.42%25.0 — — 1.5 — 26.5 24.9 
Notes payable due 20261.84%24.5 — — 1.3 — 25.8 28.4 
Notes payable due 20287.05%150.0 — 6.3 6.0 — 162.3 163.9 
Notes payable due 20284.25%500.0 (0.2)— — (2.7)497.1 496.8 
Notes payable due 20283.52%50.0 — — 4.1 (0.1)54.0 49.9 
Notes payable due 20302.30%750.0 (1.8)— — (3.9)744.3 743.7 
Notes payable due 20323.00%500.0 (0.9)— — (3.3)495.8 — 
Notes payable due 20405.20%400.0 (0.2)(26.5)— (2.4)370.9 369.7 
Notes payable due 20484.85%500.0 (0.5)— — (4.8)494.7 494.6 
Notes payable due 20502.75%750.0 (1.8)— — (7.9)740.3 740.0 
Notes payable due 2060 (junior subordinated)4.00%750.0 — — — (8.9)741.1 740.9 
Other, payable in varying amounts 2022 through 2027
3.47%-4.31%
3.3 — — — — 3.3 4.3 
Total Long-term debt, including current maturities$5,402.8 $(6.3)$(20.2)$12.9 $(37.5)$5,351.7 $4,354.9 
Less: Current maturities of long-term debt(1.2)(1.3)
Long-term debt$5,350.5 $4,353.6 

1Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note I, Financial Instruments.